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<br />DEED OF TRUST 90-10 E 3 1 1
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<br />THIS DEED OF TRUST its made as of the ku da y of November, 1990, by and
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<br />Ong gdNAt,D A. FOELGNER and JUDY F08LGNER, aband and wife as joint tenants,_
<br />("TRUSTOR "), whose mailing address is: Route 1, Box 341C, Gravois Mills, MO
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<br />65037.
<br />and TRW TITLE INSURANCE COMPANY, ( "TRUSTEE "), whose mailing address is: P.
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<br />0. Box 627, Grand Island, Nebraska 68802;'x^
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<br />and ISLAND LANDHANDLSRS, INC., a Nebraska corporation, an undivided one -half
<br />interest; and CHARLES B. BEER and BEVERLY L. BEER, husband and wife as joint
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<br />tenants, an undivided one -half interest, ( "BENEFICIARY "), whose mailing
<br />address is: P. 0. Box 1843, Grand Islando NE 68802.
<br />FOR VA,L.rJA,BLE CONSIDERATION„ Trustor irrevocably transfers, conveys, and
<br />assigns to Trustee, IN TRUST, wiTH POWER OF SALE, for the benefit and security
<br />of Beneficiary, under and subject to the terms and conditions of this Deed of
<br />Trust, the real property I-ocated in the County of Hail, state of Nebraska, and
<br />legally described as 5.211 -ays: (the "Property"):
<br />A tract of land comprising a part of the Southeast Quarter of tthe;'.;.
<br />Southeast Quarter of the Southeast. ;carter (SE }SE }SE }j of S tion
<br />Twenty -Three (23), Township Eleven V11) North, Range Z:.g1J),
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<br />West of the 6th F.M., Hall County, Nebraska, and more particularly
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<br />described as follows:
<br />Beginning at the Southeast: corner of said Southeast Quarter of the
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<br />Southeast Quarter of the Southeast Quarter (SEJSE}SE3); thence
<br />running Northerly along the East line of said Southeast Quarter of
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<br />the Southeast Quarter of the Southeast Quarter (SE *SE }SE }) a
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<br />distance of Six Hundred suety -Six and Fifty -Seven Hundredths
<br />(666.57) feet to the Northeast corner of said Southeast Quarter of
<br />the Southeast Quarter of the Southeast Quarter (SE *SE}SE *), thence
<br />running Westerly along the North line of said Southeast Quarter of
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<br />Southeast Quarter of the Southeast Quarter (SE *SEJSEI). a distance
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<br />of Two Hundred Eighty -Three and Twenty -Two Hundredths (283.22)
<br />Feet to a point on the Easterly right -of -way line of U. S. Highway
<br />No. 30; thence deflecting left 75 053130" and running Southwesterly
<br />along said right -of -way line a distance of Two Hundred Seeventece'.
<br />and Twenty -Four Hundredths (217.24) Feet to a point of curvature;
<br />thence running Southwesterly along a 2,944.79 Foot radius curve to
<br />the right (initial tangent of which forms a deflection angle of
<br />1 019' right from the last described course produced and being on
<br />said right -of -way line, a distance of Four Hundred Eighty -Five and
<br />Seventy -Eight Hundredths (485.78) Feet to a point on the South
<br />line of said Southeast Quarter of the Southeast Quarter of the
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<br />Southeast Quarter (SE }SE }SE}); thence running easterly along the
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<br />South line of said Southeast Quarter of the Southeast Quarter of
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<br />the Southeast Quarter (SEJSE }SE}), a distance of Five Hundred
<br />Twenty and Nine Tenths (520.9) Feet to the point of beginning.
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments,
<br />interests in adjoining roads, streets and alleys, improvements and buildings
<br />of any kind situated thereon and all personal property that may be or
<br />hereafter become an integral part of such buildings and improvements.
<br />The property and the entire estate and interest conveyed to the Trustee
<br />are referred to collectively as the "Trust Estate ".
<br />FOR THE PURP0SE faF SECURING:
<br />a. Payment of indebtedness in the, total pr•inc.ipal amount of $r;G,.000.0.0
<br />with interest tteream, as evidenced by the certain Promissory, Note of even
<br />date (the °'Nate y') wi *si a maturity date of Kavember 1, 1995,. executed icy
<br />Trustor, which'Ia been delivered and is payable to the armor o:f fle¢efiiciary,
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<br />and which by this reference is hereby made a part hereof , :ani axrZ amd 311
<br />modifications, extensions and renewals thereof, and,
<br />b. Payment of all sums advanced by Beneficiary to Protect the Trust
<br />Estate, with interest thereon at the rate of fourteen (L4y. percent per annum.
<br />This'Deed of Trust, the Note, and any other instrument given to evidence
<br />or further secure the payment and performance of any obligation secured hereby
<br />are referred to collectively as the "Loan Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal
<br />of, and the interest on, the indebtedness evidenced by the Note, charges, fees
<br />and all other sums as provided in the Loan Instruments.
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